Since its introduction in 2022, Kaspa has attracted attention with its fast Directed Acyclic Graph (DAG) technology. Recently, BlockDAG projects are starting to show potential improvements that could change the cryptocurrency landscape.
Innovations of BlockDAG and Its Features
BlockDAG does not merely copy DAG. It integrates Bitcoin's trusted proof-of-work method for high decentralization. The project also offers full Ethereum Virtual Machine (EVM) compatibility, an easy-to-use smart contract builder, and a live testnet. So far, BlockDAG has raised $313.5 million, sold 22.9 billion tokens, and attracted over two million mobile miners through its X1 app.
Technology Comparison: BlockDAG, Bitcoin, and Ethereum
BlockDAG smartly combines the best parts of Bitcoin, Ethereum, and Kaspa. Like Bitcoin, it uses proof-of-work for high security. Borrowing from Kaspa, it uses DAG for up to 15,000 transactions per second. Similar to Ethereum, BlockDAG supports smart contracts and works with all EVM tools. The uniqueness of BlockDAG lies in its already accessible tools for developers, actively promoting the creation of new applications.
Growth Prospects and Future Plans
BlockDAG has taken on the bold task of rapidly advancing in the market. Its testnet is already live, with over 22.9 billion tokens sold. The project is preparing to launch on twenty exchanges, including several major trading platforms. The outlined goal is to foster a strong ecosystem where projects can scale quickly. Plans include supporting over 1000 applications by 2026.
While BlockDAG is not yet in the top 50 cryptocurrencies, its speed, security, and accessibility position it well to take a leading role among Layer 1 projects. Market observers note its potential, suggesting growth, which highlights the importance of timing for the project’s future success.
